Exam 2: Foundations and Technologies for Decision Making

Web-based decision support systems can provide support to both individuals and groups that act in a decision-making capacity.

In the Station Casinos case, the decision support system brought about benefits from being able to capture, analyze and segment ________.

The Web can play a significant role in making large amounts of information available to decision makers. Decision makers must be careful that this glut of information does not

The DSS component that includes the financial, statistical, management science, or other quantitative models is called the model management subsystem.

While Microsoft Excel can be an efficient tool for developing a DSS, compared to using a programming language like C++, a shortcoming of Excel is

Qualitative elements of a problem cannot be incorporated into formal decision models, so one can only seek to minimize their impact.

The knowledge-based management subsystem can be interconnected with the organization's knowledge repository (part of a knowledge management system [KMS]), which is sometimes called the ________.

Name Simon's four phases of decision making and mention how they are impacted by the web.

Olavson and Fry (2008) have worked on many spreadsheet models for assisting decision makers at HP and have identified several lessons from both their successes and their failures when it comes to constructing and applying spreadsheet-based tools. How do they define a tool?

The most important feature of management support systems is the computational efficiency involved in making a decision.

DSS developed around optimization or simulation models and incorporate model formulation, maintenance, and management in distributed computing environments, are known as ________-driven DSS.

Because DSS deal with semistructured or unstructured problems, it is often necessary to customize models, using programming tools and languages. For small and medium-sized DSS or for less complex ones, ________ software is usually used.

Computer support can be provided at a broad level, enabling members of whole departments, divisions, or even entire organizations to collaborate online. Name some of the various systems that have evolved from computer support.

A search for alternatives occurs in which phase of the decision making/action model?

At two opposite ends of the spectrum are autocratic and ________ decision styles.

A data warehouse can support the intelligence phase of decision making by continuously monitoring both internal and external information, looking for early signs of problems and opportunities through a Web-based enterprise information portal or dashboard.

Since a descriptive model checks the performance of the system for only a subset of all possible alternatives, there is no guarantee that a selected alternative will be optimal.

The Watson Question Answering computing platform uses machine ________ to acquire vast amounts of new medical knowledge.

Early definitions of a(n) ________ identified it as a system intended to support managerial decision makers in semistructured and unstructured decision situations.

What type of user interface has been recognized as an effective DSS GUI because it is familiar, user friendly, and a gateway to almost all sources of necessary information and data?